06/06/2011 Intraday Watering

[BullBear52x]

I see heavy selling starting now.

BB52X,
very impressive call. As as you said it, Fas dropping.
FYI, I know about your fas rules. I buy in dip and sell high everyday with 1k share. It is working so far. I like BB indicator in Fas.
Thanks a lot for heads up warning.

Keep what's work, I know timing is something hard to explain, since each trader got their own.

[KENA]

The hype is wareing off on AAPL and NYSE going lower.Time to get out of longs.Wait and see.

[cletus]

I can't believe the VIX is down AGAIN on a down day. Furthermore, it is below 18 after 70 handles of selling on the S&P!! When are bears going to be rewarded for their put purchases?

This convinces me the VIX is heading below 10, as extreme as that might sound.

[dr659]

I see heavy selling starting now.

BB52X,
very impressive call. As as you said it, Fas dropping.
FYI, I know about your fas rules. I buy in dip and sell high everyday with 1k share. It is working so far. I like BB indicator in Fas.
Thanks a lot for heads up warning.

Keep what's work, I know timing is something hard to explain, since each trader got their own.

What is Fas? And what is the Fas rules? If you can tell me please, Thanks

[BullBear52x]

I can't believe the VIX is down AGAIN on a down day. Furthermore, it is below 18 after 70 handles of selling on the S&P!! When are bears going to be rewarded for their put purchases?

This convinces me the VIX is heading below 10, as extreme as that might sound.

Watch VIX 18, trades above that we will get new LOD

[BullBear52x]

.[/quote]
What is Fas? And what is the Fas rules? If you can tell me please, Thanks [/quote]




It's inside conversation about trading FAS/FAZ etfs.

[BullBear52x]

DOW is too strong. if you bullish DIA is best bet me thinks. Chow time.

[Tabby]

DR 659,
BB52X trades his own way in buying Direxion ETFS such as FAS. I do trade based on my own indicators on my screen. I have been trading FAS since 2009.
It is not good idea to in FAS ( Bull ETFS) since Fins are not doing well in past 4 months. That is the only think that I feel more comfortable to trade.
I watch BB and macd histo and % R (60) and this is only a daytrade for me with small profit to get in/out. FAS was a buy for me at 24.25 and out 24.60. I saw drop to 23.93 this Am but I wasn't sure if $SPX would hold or sell off. I don't care for XLF or $BKX index when it comes to fins. If I know my $SPX and (ES, pre opening) for that day, I have a chance to make money on FAS.
I can't really explain myself with FAS trade just something that I observe alot. Please don't trade based my trading system.

[stockcycle]

I can't believe the VIX is down AGAIN on a down day. Furthermore, it is below 18 after 70 handles of selling on the S&P!! When are bears going to be rewarded for their put purchases?

This convinces me the VIX is heading below 10, as extreme as that might sound.

Watch VIX 18, trades above that we will get new LOD

Meanwhile VIX is difficult for me to draw the trend line, I see TVIX is easier to do and TVIX is tradable. I see a sharp drop in TVIX - It's a good sign for Bulls.

[dr659]

DR 659,
BB52X trades his own way in buying Direxion ETFS such as FAS. I do trade based on my own indicators on my screen. I have been trading FAS since 2009.
It is not good idea to in FAS ( Bull ETFS) since Fins are not doing well in past 4 months. That is the only think that I feel more comfortable to trade.
I watch BB and macd histo and % R (60) and this is only a daytrade for me with small profit to get in/out. FAS was a buy for me at 24.25 and out 24.60. I saw drop to 23.93 this Am but I wasn't sure if $SPX would hold or sell off. I don't care for XLF or $BKX index when it comes to fins. If I know my $SPX and (ES, pre opening) for that day, I have a chance to make money on FAS.
I can't really explain myself with FAS trade just something that I observe alot. Please don't trade based my trading system.

Thanks, I was more curious what FAS/FAZ were, I see that they are those 3x ETF`s I have much to learn before I venture into those.

[Tabby]

Dr 659,
There is no perfect system in this market. I know my limitation/s and I trade based on my own system. I know people who made tons of money on FAZ/FAS and lost money as well.
Please study and papertrade before trading.
Good Luck.

[agnosia]

come on , give me 1285 already ! /cl is not even fun to trade today either...

[BullBear52x]

I can't believe the VIX is down AGAIN on a down day. Furthermore, it is below 18 after 70 handles of selling on the S&P!! When are bears going to be rewarded for their put purchases?

This convinces me the VIX is heading below 10, as extreme as that might sound.

Watch VIX 18, trades above that we will get new LOD

Meanwhile VIX is difficult for me to draw the trend line, I see TVIX is easier to do and TVIX is tradable. I see a sharp drop in TVIX - It's a good sign for Bulls.

I see what you mean, VIX is in up trend (my short term) this morning gap is my new line in the sand.

[stockcycle]

I feel that Bulls must endure the stress test when market going to test today lows.

[BullBear52x]

Look at the back test, you got to love TA (especially when it works)

[stockcycle]

[/quote]
I see what you mean, VIX is in up trend (my short term) this morning gap is my new line in the sand.[/quote]
BB52x: You trade on 5m charts?

[BullBear52x]

I see what you mean, VIX is in up trend (my short term) this morning gap is my new line in the sand.[/quote]
BB52x: You trade on 5m charts?[/quote]
Multi time frame to be exact, entries and exit on 1min.

[stockcycle]

BB52x: Thanks, Multi time frame should be more elaborate than daily/hourly.

[cletus]

Another turn correctly predicted at around 2 PM EST. Now the next turn isn't until tomorrow around 10 EST so I think the bulls might get the close in addition to a gap up tomorrow morning.

[BullBear52x]

Let me promote my sexy UNG, 8 months of accumulation and break out is about to happen at any moment, longer term investors they will be dying to see this beautiful set up. they tried to shake me out of it in last three months well, buy the dip is on all the way here.